Lake Street Advisors Group LLC Lowers Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Lake Street Advisors Group LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 527 shares of the aerospace company’s stock after selling 15 shares during the quarter. Lake Street Advisors Group LLC’s holdings in TransDigm Group were worth $668,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in TDG. PFG Investments LLC purchased a new position in TransDigm Group in the third quarter valued at $226,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of TransDigm Group by 33.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the aerospace company’s stock valued at $7,450,000 after buying an additional 1,322 shares during the period. Nicholas Hoffman & Company LLC. increased its stake in shares of TransDigm Group by 24.3% during the third quarter. Nicholas Hoffman & Company LLC. now owns 465 shares of the aerospace company’s stock worth $664,000 after buying an additional 91 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in TransDigm Group by 70.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 306 shares of the aerospace company’s stock worth $412,000 after acquiring an additional 126 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in shares of TransDigm Group by 22.7% during the third quarter. First Trust Direct Indexing L.P. now owns 1,904 shares of the aerospace company’s stock worth $2,717,000 after purchasing an additional 352 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock valued at $155,847,223 over the last three months. 4.09% of the stock is owned by insiders.

TransDigm Group Stock Up 1.2 %

Shares of NYSE TDG opened at $1,348.25 on Friday. The stock has a market capitalization of $75.62 billion, a PE ratio of 47.56, a P/E/G ratio of 2.76 and a beta of 1.40. The firm has a fifty day moving average of $1,312.27 and a 200-day moving average of $1,322.71. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $7.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TDG shares. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.